On June 2, SpaceX, owned by Elon Musk, is negotiating with Wall Street investment banks handling its IPO, aiming to pay a significantly reduced fee rate. However, even with a substantial reduction in fees, the banks responsible for this record-setting IPO are still expected to earn approximately $500 million from it. The aerospace and AI group plans to go public this month with a fundraising target of $75 billion. According to insiders, the company is currently trying to lower the underwriting fee rate to below 0.75%. Although this rate is much lower than the usual level, it will still become one of the most profitable IPOs in history for the Wall Street banks involved. As the lead underwriters for this IPO, Goldman Sachs and Morgan Stanley are expected to receive a larger share of the underwriting fees compared to the other 21 participating brokerages. Insiders noted that these figures only reflect the base underwriting fees paid by SpaceX and do not include any potential additional incentive fees. Due to the discussions being confidential, sources requested anonymity. Representatives for SpaceX, Goldman Sachs, and Morgan Stanley declined to comment.